Tag: stop loss

Trading Forex: What to ask yourself before placing a trade?

One of the keys to success when trading forex is to have a plan of action in place, and have the discipline to put...

Day Trading Without Being Glued To Your Screen

The currency markets are fast moving, and if you take your eyes off the screen for just a few seconds, you could easily miss...

Why do forex traders repeat the same mistakes?

In forex trading, as in life, it is common for people to make the same mistakes over and over again. It's one thing deciding...

Forex Trading Strategy: Setting Stop Losses Part 2

In the previous lesson, we talked about the importance of using stop losses, and explained the simplest method for selecting a stop loss level,...

Forex Trading Strategy: Setting Stop Losses Part 1

It's a simple fact of life that the forex market is inherently unpredictable. No matter how much you research your trades, it's inevitable that,...

Forex Trading with Fibonacci Ratios: Part 6

In the previous installment of this series, we looked at using Fibonacci extensions to set take profit orders. In the final part of our...

The Five Essential Elements of a Good Forex Trading Plan

As the old saying goes, 'A failure to plan is a plan for failure', and nowhere is this more true than in the field...

Forex Trading MBA Part 6: Placing Trade Orders

Forex Trading MBA Part 6: Placing Trade Orders! This is the last part 6 of tradersdna Forex trading MBA. In the last previous 5 posts...